Scrogham Steven 4

What Happened

• Steven Scrogham, Chief Legal Officer, Chief Compliance Officer and Corporate Secretary of ProFrac Holding Corp. (ACDC), had multiple equity awards vest on March 27, 2026 and the filing shows cash-settled dispositions to the issuer. Four disposition entries total 37,087 shares sold at $6.63 per share, producing approximately $245,887 in proceeds: 5,366 @ $6.63 = $35,577; 11,462 @ $6.63 = $75,993; 12,429 @ $6.63 = $82,404; 7,830 @ $6.63 = $51,913. The filing also reports a separate tax/withholding entry for 11,938 shares (reported at $0) related to satisfying tax liabilities.

Key Details

• Transaction date: March 27, 2026; reported on Form 4 filed March 31, 2026 (timely within required filing window).
• Prices and values: Dispositions at $6.63 per share; total proceeds from the four D transactions ≈ $245,887.
• Additional withholding: 11,938 shares reported as Payment of exercise price or tax liability (F) at $0 — part of tax withholding/cash settlement.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: Transactions reflect cash settlement/withholding of vested restricted stock units and performance-based shares granted March 28, 2024; March 28, 2025; March 13, 2025; and March 9, 2026. Remaining portions of those grants vest on later dates subject to continued employment.
• Transaction codes: D = disposition to issuer; F = payment of exercise price or tax liability (i.e., withholding).

Context

• These were not open-market sales motivated by a trading decision but routine cash settlements/withholding tied to vesting of RSUs and performance shares — a common way companies satisfy withholding taxes. Such disposals generally reflect tax mechanics rather than a direct signal of the insider’s view of the stock.